US Stock Futures Signal Lower Start On Wall Street

US stock futures are lower this morning, as sovereign debt worries hit Europe. Futures on the Dow Jones Industrial Average dipped 124 points to 12,342.00 and futures on the S&P 500 stock index fell 13.50 points to 1,314.30. Nasdaq 100 futures dropped 24.25 points to 2,319.25. US stocks closed lower on Friday, with the Dow Jones industrial average dropping 0.74% to 12,512.04, the broader Standard & Poor's 500 index declining 0.77% to 1,333.27 and the NASDAQ composite index dipping 0.71% to 2,803.32. The Chicago Fed national activity index for April will be released at 8:30 a.m. ET. Perry Ellis International Inc PERY is projected to report its Q1 earnings at $0.99 per share on revenue of $277.07 million. Krispy Kreme Doughnuts Inc KKD is projected to report its Q1 EPS at $0.09 on revenue of $96.55 million. Campbell Soup Company CPB is estimated to post its Q3 earnings at $0.52 per share on revenue of $1.80 billion. Tech Data Corporation TECD is expected to post its Q1 EPS at $1.05 on revenue of $6.40 billion. Perfect World Co Ltd PWRD is expected to report its Q1 EPS at $0.55 on revenue of $99.56 million. China Fire & Security Group Inc CFSG agreed to be purchased by Amber Parent Ltd, an affiliate of funds managed by Bain Capital Partners LLC and Amber Mergerco Inc, for $265.5 million. Under the agreement, CFSG will receive $9 per share in cash, representing about 23% premium over the stock's closing price on Friday. Asian markets ended lower, with Japan's Nikkei Stock Average dropping 1.52%, Australia's S&P/ASX 200 moving down 1.77% and China's Shanghai Composite declining 2.93%. Hong Kong's Hang Seng Index dipped 2.11% and India's Sensex fell 1.88%. European markets were lower today. The STOXX Europe 600 Index has dropped 1.40%, London's FTSE 100 Index moved down 1.66%. Fitch Ratings downgraded Greece and Standard & Poor's lowered outlook for Italy on Friday. The euro dropped 0.9% to $1.3983 against the dollar. Light crude for July delivery fell $2.81 to $97.29 a barrel in electronic trading on the Globex market. Read more from Benzinga's Markets.